Deal Announcements

Racemi Closes $3.4 Million Series A-1

Friday, February 23, 2007 7:00:00 AM PDT | VentureDeall STaff

ATLANTA, GA -- Racemi, Inc. announced the closing of its series A-1 round of financing, adding $3.4 million from a new investor.

Atlanta-based Pattillo Investments, LLC made the investment and Robert Pattillo was granted a board of directors seat.  In addition, the company appointed Richard Stansbury as CEO and Lorraine Bassett as head of channel relationships.

Racemi provides software that "helps organizations optimize their data center operations by maximizing the utilization, reliability and cost-effectiveness of their IT assets."

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